The relationship between ownership and growth

The purpose of this paper is to investigate the relationship between ownership and employment growth. With a sample of 5,461 firms and using the Heckman two-stage model (to eliminate selection sample bias), the main findings are follows: Compared to firms with 100% capital ownership, domestic firms with less than 50% state capital, domestic private firms, joint stock firms without state capital, 100% foreign capital firms, and joint venture (non-state and foreign) firms have positively significant impacts on employment growth. A change in ownership is not significant to employment growth.